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布鲁克菲尔德资产管理（BAM）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
布鲁克菲尔德资产管理的季度营收约是思佳讯的1.0倍（$1.1B vs $1.0B），布鲁克菲尔德资产管理净利率更高（56.7% vs 7.6%，领先49.0%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
BAM vs SWKS — 直观对比
营收规模更大
BAM
是对方的1.0倍
$1.0B
净利率更高
BAM
高出49.0%
7.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $615.0M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 84.2% | 10.0% |
| 净利率 | 56.7% | 7.6% |
| 营收同比 | — | 8.6% |
| 净利润同比 | — | 15.3% |
| 每股收益（稀释后） | — | $0.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BAMSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $974.0M | — | ||
| Q2 25 | $931.0M | $965.0M | ||
| Q1 25 | $954.0M | $953.2M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $905.5M |
净利润BAMSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $615.0M | $141.4M | ||
| Q3 25 | $692.0M | — | ||
| Q2 25 | $584.0M | $105.0M | ||
| Q1 25 | $507.0M | $68.7M | ||
| Q4 24 | — | $162.0M | ||
| Q3 24 | $537.0M | $60.5M | ||
| Q2 24 | $124.0M | $120.9M |
毛利率BAMSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率BAMSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 84.2% | 10.1% | ||
| Q3 25 | 79.1% | — | ||
| Q2 25 | 70.8% | 11.5% | ||
| Q1 25 | 61.0% | 10.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 72.5% | 5.8% | ||
| Q2 24 | 80.4% | 14.4% |
净利率BAMSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 56.7% | 12.9% | ||
| Q3 25 | 71.0% | — | ||
| Q2 25 | 62.7% | 10.9% | ||
| Q1 25 | 53.1% | 7.2% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | 61.5% | 5.9% | ||
| Q2 24 | 15.1% | 13.4% |
每股收益（稀释后）BAMSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0.70 | ||
| Q1 25 | — | $0.43 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.75 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $8.9B | $5.8B |
| 总资产 | $17.0B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资BAMSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $480.0M | $1.3B | ||
| Q1 25 | $332.0M | $1.5B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $10.0M | $1.3B |
总债务BAMSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益BAMSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $8.9B | $5.8B | ||
| Q3 25 | $8.5B | — | ||
| Q2 25 | $8.5B | $5.7B | ||
| Q1 25 | $8.5B | $5.9B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | $9.0B | $6.3B | ||
| Q2 24 | $3.2B | $6.3B |
总资产BAMSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $17.0B | $7.9B | ||
| Q3 25 | $16.5B | — | ||
| Q2 25 | $16.1B | $7.7B | ||
| Q1 25 | $15.0B | $7.9B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | $4.2B | $8.2B |
负债/权益比BAMSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $562.0M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | — | $339.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | 0.91× | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流BAMSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $562.0M | $200.0M | ||
| Q3 25 | $745.0M | — | ||
| Q2 25 | $529.0M | $314.2M | ||
| Q1 25 | $265.0M | $409.4M | ||
| Q4 24 | — | $377.2M | ||
| Q3 24 | $567.0M | $476.1M | ||
| Q2 24 | $159.0M | $273.4M |
自由现金流BAMSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率BAMSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度BAMSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率BAMSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 0.91× | 1.41× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | 2.99× | ||
| Q1 25 | 0.52× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | 1.06× | 7.87× | ||
| Q2 24 | 1.28× | 2.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
